menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 3
  4. Exam
    Exam 4: Adjusting the Accounts and Preparing Financial Statements
  5. Question
    An Account That Is Always Deducted from a Related Account
Solved

An Account That Is Always Deducted from a Related Account

Question 37

Question 37

Multiple Choice

An account that is always deducted from a related account is known as a:


A) carrying account.
B) temporary account.
C) contra account.
D) negative account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: Michael purchased two vehicles for his business

Q33: The primary basis for the classification of

Q34: What is the correct order in which

Q35: The excess of current assets over current

Q36: On a worksheet used in a manual

Q38: Tan Traders is owed $350 interest on

Q39: The office supplies inventory account of Tan

Q40: The publishers of 'Guide to the Stock

Q41: On the first day of the year

Q42: When using a worksheet to prepare accounting

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines